Houston Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
new home buyer Buying a brand new home
Hi, my husband and I have started the process of building our dream home through KB homes. We are pleased with the quality of this particular home and community. We got a call from our lender and he told us that because we don't have over 20% to put down we'd have to have PMI which greatly raises our monthly note (which we were budgeting to deal with so it's not quite a nightmare) Here's the deal, we are willing to pay the 3% down and we signed during a promotion for the builder to cover closing cost, but other then that this is what I want. I want my monthly note to include everything possible. I don't want it to fluctuate through the years. I don't want to get screwed just because I am a 25 year old first time home buyer and I know it's obvious. I have no family really or older influences to advice me. Help please 
Re: new home buyer Buying a brand new home
Your mortgage payment will change. There is no way to "lock it in". Property taxes and insurance are part of your monthly total, those change every year. HOA can NOT be included in your monthly, banks just don't to that.
FHA loans require 3.5% down. If you're not using a Realtor, I'd get a lawyer to look at everything before you sign it and know exactly what's in the contract. Many home builders have a lot of "tricks" they play with people. Please please please get an inspection by an independent 3rd party, do not waive your right to inspect.
what bpaullo said. and keep in mind that your mortgage payment will go up quite a bit the second year. first year your property taxes are based on unimproved lot (land only). second year they will be based on improved lot. my property taxes the first year were 1k. the second year they were 3k. by 6 years they were 6k.
and please do get the inspection bpaullo suggested. the money we spent on a preconcealment and final inspection were WELL worth it.
Have you seen my monkey?